Tennessee’s Blackburn and Green Take Biden to Task for 20-Year Mortgage-Rate High

Republican federal legislators from Tennessee blasted the Biden administration yesterday in light of the news that mortgage-interest rates have reached a two-decade high. 

Government-sponsored mortgage corporation Freddie Mac reported this week that the 30-year fixed-rate mortgage — the option most homebuyers choose — hit 7.08 percent, exceeding seven percent for the first time since Spring 2002. The rate was 6.94 percent last week.

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Americans Ring in 2022 with Highest Mortgage Rates Since the Pandemic Started

Mortgage rates soared to their highest level since the beginning of the pandemic in the first week of 2022, according to Freddie Mac.

The 30-year fixed-rate mortgage averaged 3.22% in the week ending on Jan. 6, up from a 3.11% average during the previous week and marking the highest level since May 2020, Freddie Mac announced Thursday. The 30-year rate dropped to 2.65% in early 2021, its lowest level on record.

“Mortage rates increased during the first week of 2022 to the highest level since May 2020 and are more than half a percentage higher than January 2021,” said Sam Khater, chief economist at Freddie Mac, according to a company release.

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Cap Wealth Management’s Tim Pagliara Explains the Purpose and Origins of Freddie Mac and Fannie Mae

Tuesday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed Cap Wealth Management’s financial advisor Tim Pagliara to the studio to outline the concepts of Freddie Mac and Fannie Mae institutions.

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Tim Pagliara of Cap Wealth Management Outlines the Pending Lawsuit Involving Violations of the Administrative Procedures Act

Tuesday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed Tim Pagliara of Cap Wealth Management in the studio to weigh in on the pending lawsuit pertaining to the violations of the Administrative Procedures Act.

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Cap Wealth Management CIO, Tim Pagliara Talks About His Book and Outlines the Two Upcoming Lawsuits Surrounding Fannie Mae and Freddie Mac

Tim-Pagliara

Tuesday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed Tim Pagliara of Cap Wealth Management in studio to talk about his new book and the dynamics of the 2008 financial crisis.

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Commentary: Trump Can Stop Biden from Funding Left-Wing Groups

Joe Biden promises to bring the Obama years back with a vengeance. One thing that’s likely to return is government slush funds for left-wing groups. Unless Trump takes decisive action, one of the biggest piggy banks for the Left will come from the Federal Housing Financial Agency (FHFA).

The Supreme Court on Wednesday will hear Collins v. Mnuchin. The case is a complicated matter that involves government management of Fannie Mae and Freddie Mac and how independent it is from the administration. The federal government placed both under conservatorship—meaning federal management—during the 2008 financial crisis. The agency in control was the Federal Housing Financial Agency. A federal appeals court previously ruled FHFA’s structure unconstitutional.

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Federal Court Hands Trump a Win, Brings Rogue Agency Under Tighter Control

Donald Trump

by John-Michael Seibler   “You’re fired.” President Donald Trump will soon be able to use his famous catch phrase against the head of a troubled federal agency, the Fair Housing Finance Agency, which is led by a single Obama appointee with no meaningful oversight from the president. The 5th U.S. Circuit…

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